IVF Devices and Consumables Market Overview:

The global IVF devices and consumables market generated $1,882 million in 2017, and is projected to reach $6,891 million by 2025, growing at a CAGR of 17.6% from 2018 to 2025.

In vitro fertilization also termed as IVF, is an assisted reproductive technology (ART), which involves retrieving eggs from a woman’s ovaries and fertilizing them with sperm outside the body, in vitro. IVF is one of the widely used treatments, which assists couples with infertility problems, single mothers, and the LGBT community to procreate. The IVF devices and consumables market is projected to exhibit the fastest market growth during the forecast period owing to rise in number of infertile population and growth in IVF success rate with technological advancements in IVF devices.

IVF Devices and Consumables Market Segmentation

The global IVF devices and consumables market is segmented based on product, technology, end user, and region. According to product, the market is classified into instrument, accessory & disposable, and reagent & media. The instrument segment is further divided into sperm separation system, cryosystem, incubator, imaging system, ovum aspiration pump, cabinet, micromanipulator, and others. The reagent & media is sub segmented into cryopreservation media, semen processing media, ovum processing media, and embryo culture media. According to technology, the market is categorized into fresh embryo IVF, frozen embryo IVF, and donor egg IVF. Depending on end user, the market is divided into fertility clinic, hospital, surgical center, and clinical research institute. Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

Based on product type, the IVF devices and consumables market is classified as instrument, accessory & disposable, and reagent & media. At present, the accessory & disposable segment is the major revenue contributor, and is expected to dominate the market during the forecast period, owing to its vital role in every IVF procedure, such as retrieval of oocytes, analysis & screening of sperms, handling gametes, and others. However, the instrument segment is anticipated to grow at the highest rate, due to technological advancements and increase in demand for advanced IVF devices.

According to technology, the global IVF devices and consumables market is categorized as fresh embryo IVF, frozen egg IVF, and donor egg IVF. At present, the fresh embryo IVF segment is the major revenue contributor and is estimated to show dominance during the forecast period, due to its advantages such as higher success rate, convenience, cost-effectiveness, and safety. Furthermore, delayed pregnancy trends in women, advantages of fresh embryo transfer over the frozen embryo technique, and higher success rate of this technique majorly drive the fresh embryo IVF segment.

Asia-Pacific presents lucrative opportunities for the key players operating in the IVF devices and consumables market, owing to growth in awareness about IVF treatment, rise in number of infertile population, increase in fertility tourism, and surge in disposable income. However, insurance companies do not cover the entire IVF treatment cost. This factor is anticipated to hamper the market growth in Asia-Pacific.

3.14.1. High competition and large number reduces the power of suppliers
3.14.2. Scattered nature and large count of end users moderate the buyer power
3.14.3. High capital cost lowers the threat of new entrants
3.14.4. Industry rivalry is intense due to presence of few dominant competitors
3.14.5. Lack of efficient substitutes lowers the threat from substitutes

7.2.3. North America IVF devices and consumables market, by product
7.2.4. North America IVF devices and consumables market, by technology
7.2.5. North America IVF devices and consumables market, by end user

7.5.2.1.1. Latin American IVF devices and consumables market, by product
7.5.2.1.2. Latin American IVF devices and consumables market, by technology
7.5.2.1.3. Latin American IVF devices and consumables market, by end user

7.5.2.2. Middle East

7.5.2.2.1. Middle East IVF devices and consumables market, by product
7.5.2.2.2. Middle East IVF devices and consumables market, by technology
7.5.2.2.3. Middle East IVF devices and consumables market, by end user

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IVF is form of assisted reproductive technique, where an egg is combined with sperm outside the body, in vitro. The adoption of IVF devices & consumables is expected to increase during the forecast period owing to increase in number of infertile population across the world along with the growth in awareness about assisted reproductive technology among the developing countries.

Technological advancements in IVF devices and rise in adoption of IVF in the developing countries are projected to supplement the market growth during the forecast period. Other factors such as increase in success rate of IVF, surge in disposable income, rise in trend of delayed pregnancies are projected to drive the market growth in the coming future. However, complications associated with the use of IVF, ethical issues, and higher cost hinder the market growth.

Europe is expected to remain dominant during the forecast period, due to surge in use of IVF procedures owing to presence of advanced healthcare facilities, higher IVF success rate, availability of technologically advanced medical devices, and higher infertile population. In addition, Asia-Pacific and LAMEA are expected to offer lucrative opportunities to the key players during the forecast period, due to increase in demand for IVF with growth in infertile population.